All of the community at alinea would like to extend our condolences to the Royal Family. The Queen’s commitment to a lifetime of service has remained a constant throughout times of great change, she will remain an inspiration to many and her loss will be felt around the world.
Energy in the EU
Energy ministers in the EU have been called to an emergency meeting to discuss proposals to jointly combat the energy crisis (and the invitation has been extended to the UK). Ministers have pointed out that due to recent price increases, and the EU’s reliance on Russia, they are currently paying Russia the same amount of money but receiving less, therefore the ambition of the collective group is to reduce the amount of gas used. Proposals currently include:
- mandatory targets to reduce electricity use in peak times as that drives up electricity prices;
- cap revenues of energy companies who produce cheaper energy and use that windfall to help businesses;
- cap revenues of oil and gas companies and use that windfall to invest in renewable energy;
- help utility companies to stay afloat;
- cap Russian gas prices.